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Print - 2008-05-10
KBP warns government

KBP warns government

The Kisan Board Pakistan (KBP) has warned the government not to procure wheat from the growers forcibly. Secretary General Jam Hazur Bukhsh in a statement issued on Friday said previous rulers had made a claim to procure every grain of wheat from the grow
Published 10 May, 2008 12:00am
Tusdec starts first phase of setting up CDTI

Tusdec starts first phase of setting up CDTI

The Technology Upgradation and Skill Development Company (Tusdec) has started setting up first phase of the ADB CFC Programme-funded Ceramics Development and Training Institute (CDTI) in Gujranwala.
Published 10 May, 2008 12:00am
Land grabber evicted from school building

Land grabber evicted from school building

The Lahore Development Authority (LDA) has regained a LDA school building from a land grabbing mafia, which was used for other activities. LDA spokesman said on Friday that staff of the Estate Management Directorate carried out the action on the instructi
Published 10 May, 2008 12:00am
Removal has become Musharraf's fate: Khosa

Removal has become Musharraf's fate: Khosa

Punjab Chief Minister Dost Muhammad Khosa has said that in the future "we can run our country only by independence of the judiciary". In his speech to members of the Farozewala district bar on the eve of oath taking ceremony, he said.
Published 10 May, 2008 12:00am
More driving license centres to be set up in Punjab

More driving license centres to be set up in Punjab

More driving license centres will be set up in the provincial capital to help motorists get their licenses easier. A meeting held under the chairmanship of Inspector General of Punjab Police Shaukat Javed on Friday reviewed the performance of traffic poli
Published 10 May, 2008 12:00am
Pesco promotes 12 commercial assistants

Pesco promotes 12 commercial assistants

The management of Peshawar Electricity Supply Company (Pesco) has approved the promotion of 12 commercial assistants to commercial superintendents who had passed their departmental promotion examination.
Published 10 May, 2008 12:00am
Rickshaws running on LPG to be registered

Rickshaws running on LPG to be registered

The District Co-ordination Officer (DCO) of Lahore has decided to register all rickshaws running on liquefied petroleum gas (LPG) and 4-kilogramme LPG cylinders will be provided to them, said a meeting of representatives of LPG companies, distributors, ri
Published 10 May, 2008 12:00am
UNODC plans to stop drug smuggling from Afghanistan

UNODC plans to stop drug smuggling from Afghanistan

Pakistan, Iran and Afghanistan have agreed to step up cross border controls to stop the flow of illegal drugs, the UN Office on Drugs and Crime (UNODC) announced on Thursday.
Published 10 May, 2008 12:00am
Dr Asim appointed chairman NRB

Dr Asim appointed chairman NRB

The Prime Minister has appointed Dr Asim Hussein as Honorary Chairman, National Reconstruction Bureau (NRB) with the status of Federal Minister. According to a Cabinet Division notification, Dr Asim will not be entitled to salary and perquisites as are ad
Published 10 May, 2008 12:00am
Sherry directs to review Hepatitis Control Programme

Sherry directs to review Hepatitis Control Programme

Minister for Information and Broadcasting and Health, Ms Sherry Rehman on Friday directed the Ministry of Health to review the National Program for Prevention and Control of Hepatitis by shifting the paradigm and focusing more on the expansion of treatmen
Published 10 May, 2008 12:00am
Judges' restoration: May 12 deadline may not be met: Naik

Judges' restoration: May 12 deadline may not be met: Naik

Federal Minister of Law, Justice and Human Rights Farooq H. Naik has indicated that the resolution for restoration of judges might not be tabled in the Nation Assembly on May 12, as promised by head of the main parties of the coalition government.
Published 10 May, 2008 12:00am
PML-N convenes CEC, parliamentary party meeting on May 12

PML-N convenes CEC, parliamentary party meeting on May 12

Pakistan Muslim League-N has convened a joint meeting of its Central Executive Council (CEC) and parliamentary party on May 12 in Islamabad. The meeting would discuss the party's future line of action, if the deposed judges not restored as promised by the
Published 10 May, 2008 12:00am
SGC planning to set up compost fertiliser manufacturing plant

SGC planning to set up compost fertiliser manufacturing plant

Saif Group of Companies (SGC) is planning to set up a 'Compost Fertiliser Manufacturing Plant' with an estimated cost of Rs 170 million to produce compost fertiliser by recycling the 180,000 tons of solid waste being generated in Islamabad annually, sourc
Published 10 May, 2008 12:00am
KSE and SECP to hold joint road show in UK

KSE and SECP to hold joint road show in UK

Karachi Stock Exchange (KSE) and Securities and Exchange Commission of Pakistan (SECP) will organise joint road show in Britain. SECP officials told that a road show would be staged in Britain by the end of the current month for highlighting existing inve
Published 10 May, 2008 12:00am
NIT outperforms KSE-100 index

NIT outperforms KSE-100 index

NIT, the largest open-ended Mutual Fund of the country with more than 52,000 unit holders, has been able to manage its portfolio prudently and outperformed its benchmark of KSE-100 Index by a reasonable margin in both bullish and bearish scenarios, says a
Published 10 May, 2008 12:00am
NIT outperforms KSE-100 index

NIT outperforms KSE-100 index

NIT, the largest open-ended Mutual Fund of the country with more than 52,000 unit holders, has been able to manage its portfolio prudently and outperformed its benchmark of KSE-100 Index by a reasonable margin in both bullish and bearish scenarios, says a
Published 10 May, 2008 12:00am
Kuala Lumpur exhibition: Pakistani companies display food products

Kuala Lumpur exhibition: Pakistani companies display food products

A number of Pakistani companies have displayed their value added food products at an ongoing international exhibition in the Malaysian capital. The five-day event titled Fifth Malaysia International Halal Showcase opened here on Wednesday, attracting a st
Published 10 May, 2008 12:00am
ITBA, RTO sign agreement to resolve audit related issues

ITBA, RTO sign agreement to resolve audit related issues

The Regional Tax Office (RTO) Karachi and the Income Tax Bar Association (ITBA) Karachi have signed an agreement to resolve the issues pertaining selection of cases for audit. The ITBA office bearers informed Business Recorder here on Friday that d
Published 10 May, 2008 12:00am
Police officials suspended

Police officials suspended

Capital City Police Officer (CCPO), Karachi Sultan Salahuddin Baber Khatak on Thursday immediately suspended DSP Frere, Majeed Abbas, ASI Defence Police Station, Shahid and ASI Baloch Colony, Police Station, Abbas Ahmed.
Published 10 May, 2008 12:00am
FFLM's entity ratings maintained

FFLM's entity ratings maintained

The Pakistan Credit Rating Agency (Pacra) has maintained the entity ratings of First Fidelity Leasing Modaraba (FFLM) at "A-" (Single A minus) for the long-term and "A2" (A two) for the short-term. Meanwhile, Pacra has assigned "A" (Single A) rating to th
Published 10 May, 2008 12:00am
FFLM's entity ratings maintained

FFLM's entity ratings maintained

The Pakistan Credit Rating Agency (Pacra) has maintained the entity ratings of First Fidelity Leasing Modaraba (FFLM) at "A-" (Single A minus) for the long-term and "A2" (A two) for the short-term. Meanwhile, Pacra has assigned "A" (Single A) rating to th
Published 10 May, 2008 12:00am
KCCI preparing five-year export roadmap for Pakistan

KCCI preparing five-year export roadmap for Pakistan

The Karachi Chamber of Commerce and Industry (KCCI) is formulating five-year export roadmap for Pakistan. KCCI Export Sub-committee Chairman Shariq Vohra has initiated work on the five-year export roadmap. The roadmap will transform the export policy into
Published 10 May, 2008 12:00am
Aptma comments on SBP Governor's statement

Aptma comments on SBP Governor's statement

The Chairman of All Pakistan Textile Mills Association (Aptma), Iqbal Ebrahim, has commented on the report attributed to the Governor State Bank of Pakistan that the textile sector has abused the R&D support. He said that the export of textile sector has
Published 10 May, 2008 12:00am
Descon Chemicals implements Oracle application

Descon Chemicals implements Oracle application

Descon Chemicals Private Limited, Pakistan's premier chemical manufacturing company and a part of Descon Group, has implemented the Oracle E-Business Suite to streamline the company's business management and financial systems.
Published 10 May, 2008 12:00am
Furniture traders observe shutter-down strike

Furniture traders observe shutter-down strike

Some 32 furniture markets of the city on Friday observed complete shutter-down strike in protest against the killing of a furniture dealer, Saleem Anwar Shaikh, traders said.
Published 10 May, 2008 12:00am
Raghib takes charge as Wapda Member

Raghib takes charge as Wapda Member

Syed Raghib Abbas has assumed the charge of his office as Wapda Member (Water). This was revealed in information of the Authority received here on Friday. New Member Water has more than three decades of experience in the field of Irrigation and Drainage P
Published 10 May, 2008 12:00am
Hearing of Zardari's appeal put off till May 13

Hearing of Zardari's appeal put off till May 13

Sindh High Court (SHC) Justice Bin Yamin Khan on Friday put off hearing of two revision applications, filed by PPPP Co-chairman Asif Ali Zardari and HBFC former chairman Hussain Haqqani respectively, till May 13. One of these was put off after hearing arg
Published 10 May, 2008 12:00am
Asif re-elected President MAP unopposed

Asif re-elected President MAP unopposed

Asif Qadir, President of Engro Polimer and Chemicals Limited was re-elected unopposed as President of Management Association of Pakistan for the year 2008-09 at MAP's Annual General Meeting held on April 25, 2008 at a local hotel here. Asif Qadir holds a
Published 10 May, 2008 12:00am
CPNE standing committee meeting on May 15

CPNE standing committee meeting on May 15

A meeting of the standing committee of the Council of Pakistan Newspaper Editors (CPNE) will be held on May 15, 2008 at 11 am at the CPNE Secretariat, Karachi. To be presided over by CPNE President Arif Nizami, the meeting will discuss freedom of press, t
Published 10 May, 2008 12:00am
Nato fuel supplier kidnapped

Nato fuel supplier kidnapped

A transporter, who supply fuel to Nato forces in Afghanistan, was kidnapped in the jurisdiction of Boat Basin Police Station on Friday. According to police sources, Shaukat Afridi was kidnapped by four unidentified persons when he was on the way to his of
Published 10 May, 2008 12:00am
Section 144 imposed on exam centre

Section 144 imposed on exam centre

District Nazim Mirpurkhas Dr Sughra Junejo has imposed a ban under Section 144 Cr. PC on the entry of unconcerned persons in the examination centre of Law College Mirpurkhas during the conduct of annual exam Part I, II and III of LLB, from May 15 to 30.
Published 10 May, 2008 12:00am
Secretary Auqaf visits Data Ganj Baksh complex

Secretary Auqaf visits Data Ganj Baksh complex

Secretary Auqaf Punjab Tariq Ayub visited Data Ganj Baksh complex on Friday. He offered Dua at the mausoleum of the Sufi Saint on the occasion. He also visited mausoleum of Sufi Saint Hazrat Syed Abdul Razaq Gilani during the day. Ayub in his visit to Dat
Published 10 May, 2008 12:00am
The Weather

The Weather

The weather report on Friday (May 09, 2008) and the forecast for Saturday (May 10, 2008).
Published 10 May, 2008 12:00am
Khokhar seeks relief under NRO

Khokhar seeks relief under NRO

Former deputy speaker National Assembly Nawaz Muhammad Khokhar has approached the Lahore High Court, seeking relief under the National Reconciliation Ordinance (NRO) against punishment in a reference.
Published 10 May, 2008 12:00am
Key stock and currency market movements

Key stock and currency market movements

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 10 May, 2008 12:00am
'Vaccination must to control rotavirus diarrhoea'

'Vaccination must to control rotavirus diarrhoea'

Rotavirus diarrhoea is considered to be the 'killer diarrhea' with over 600,000 infant deaths being attributed to this virus every year. Of these 25,000 deaths occur in Pakistan alone and this figure is seen to be the highest in all of Middle East and Nor
Published 10 May, 2008 12:00am
Rs 1.5 billion allocated for uplift work in Faisalabad

Rs 1.5 billion allocated for uplift work in Faisalabad

City District Government has sanctioned Rs 1.5 billion for public development works with the financial support of industrialists and traders of the district. This was disclosed by City District Nazim, Rana Zahid Tauseef while addressing the members of Pak
Published 10 May, 2008 12:00am
Multan lawyers to observe black day on May 12

Multan lawyers to observe black day on May 12

The lawyers of Multan will observe a black day in memory of over 50 martyrs of the May 12, 2007 violence, when sacked Chief Justice Iftikhar Muhammad Chaudhry went to Karachi to attend the silver jubilee celebrations of the Sindh High Court Bar Associatio
Published 10 May, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (May 09, 2008).

Published 10 May, 2008 12:00am
'May 12 deadline may not be honoured'

'May 12 deadline may not be honoured'

Deposed judge of the Lahore High Court, Khawaja Mohammad Sharif has said he fears that the ruling coalition may not again honour its word on the restoration of judges. He was talking to a team of lawyers, which called on him, here on Friday.
Published 10 May, 2008 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Friday (May 09, 2008) and for Saturday (May 10, 2008).
Published 10 May, 2008 12:00am
Tariq sends legal notices to all chief ministers

Tariq sends legal notices to all chief ministers

Senior lawyer Tariq Aziz has sent legal notices to all chief ministers, telling them to keep the number of ministers and advisors limited as mentioned in the constitution. The lawyer said in his notice sent to Sindh Chief Minister Qaim Ali Shah that 41 mi
Published 10 May, 2008 12:00am
Hosiery sector demands zero percent withholding taxes

Hosiery sector demands zero percent withholding taxes

Muhamamd Javaid Aslam, Chairman of Pakistan Hosiery Manufacturers Association (PHMA) (North Zone) has said that export-oriented value-added sector is battling for its survival in the face of stiff competition from neighbouring and other countries in the i
Published 10 May, 2008 12:00am
CPSP's services acknowledged

CPSP's services acknowledged

The College of Physician and Surgeons Pakistan (CPSP) is providing quality teaching and training facilities to doctors, said King Edward Medical University Vice Chancellor Professor Muhammad Zafarullah. He told the concluding ceremony of a workshop on "re
Published 10 May, 2008 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (May 09, 2008).

Published 10 May, 2008 12:00am
'Pakistan government committed to protection of human rights'

'Pakistan government committed to protection of human rights'

Pakistan on Thursday presented a comprehensive report to the United Nations highest body on human rights, with Ms Fauzia Wahab, MNA, outlining the government's vision on various vital issues, including protection and promotion of human rights.
Published 10 May, 2008 12:00am
$750 million uplift plans for NWFP, Fata, AJK and Balochistan: Tracy

$750 million uplift plans for NWFP, Fata, AJK and Balochistan: Tracy

Peshawar based Principal Officer American Consulate Miss Lyn Tracy Thursday informed that her government has started 750 million US dollar programme for executing uplift schemes in NWFP, Fata, AJK, Balochistan and areas close to Pak Afghan border.
Published 10 May, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (May 09, 2008).

Published 10 May, 2008 12:00am
SPOTLIGHT: Mr Rehman Malik: 'On' the carpet or 'under' the carpet?

SPOTLIGHT: Mr Rehman Malik: 'On' the carpet or 'under' the carpet?

On 5 May the Election Commission Secretary, no other than our worthy Kanwar Dilshad, took every one by surprise by announcing that the bye-elections were postponed from 18 June to late August - a set back of more than two months. Security situation in NWF
Published 10 May, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (May 09, 2008).

Published 10 May, 2008 12:00am
Seminar on 'Journey of Hope' held

Seminar on 'Journey of Hope' held

Highlighting the plights of disabled people in Pakistan, a seminar titled 'Journey of Hope' was organised by the H.H Prince Aga Khan Council for Pakistan at the Aga Khan University auditorium on Friday, says a press release.
Published 10 May, 2008 12:00am
Transfers and postings

Transfers and postings

Sindh Government has ordered transfers and posting of some officers. Accordingly, Noor Alam, an officer of PSS (BS-19), Senior Research Economist (BS-19), Financial and Fiscal Research Centre, Finance Department has been transferred and posted as Addition
Published 10 May, 2008 12:00am
Legislation to reduce child labour rate in the offing

Legislation to reduce child labour rate in the offing

Sindh government has chalked out a plan to legislate to scale down the increasing rate of child labour. Speaker Sindh Assembly Nisar Ahmed Khuhro said this at a launching ceremony of "Protection and Empowerment of Working Children in Sindh" jointly organi
Published 10 May, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Friday (May 09, 2008).

Published 10 May, 2008 12:00am
Power conservation methodology, crisis discussed

Power conservation methodology, crisis discussed

To eliminate the menace of load shedding once for all the government along with conservation methodology discussed latest position and monitoring of ongoing power projects on regular basis in cabinet meeting held recently, sources told this scribe on Frid
Published 10 May, 2008 12:00am
Rehman Malik meets Altaf Hussain

Rehman Malik meets Altaf Hussain

Advisor to the Prime Minister on Interior Rehman Malik met MQM leader Altaf Hussain on Thursday evening and discussed various issues pertaining to domestic politics in Pakistan.
Published 10 May, 2008 12:00am
Patterson meets MQM leaders

Patterson meets MQM leaders

US Ambassador, Anne W Patterson met with the MQM leadership in Azizabad here on Friday and expressed US government's resolve to "interact and consult with all democratic forces" of the country, says a press release.
Published 10 May, 2008 12:00am
'Railways operational system to be improved'

'Railways operational system to be improved'

Pakistan Railways Chairman, Muhammad Kashif Murtaza has signaled his intention to revamp the department, saying further improvement will be made in operational system of the department while management problems also need to be resolved.
Published 10 May, 2008 12:00am
Khushhali Bank's Tameer award ceremony held in Lahore

Khushhali Bank's Tameer award ceremony held in Lahore

Pioneers of micro-finance in Pakistan, Khushhali Bank (KB), endeavours to encourage the micro and small entrepreneurs through various avenues, one of these endeavours is its Annual Shell Tameer Awards, which recently took place in Lahore.
Published 10 May, 2008 12:00am
Provinces shares static at 35 percent for over seven years: report

Provinces shares static at 35 percent for over seven years: report

The share of total transfers to provincial governments in the Federal revenues (tax plus non-tax) has remained virtually static at 35 percent over the last seven years. In addition, it is expected that revenue transfers from the divisible pool and grants-
Published 10 May, 2008 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 10 May, 2008 12:00am
'Government fails to arrest culprits of May 12 incidents'

'Government fails to arrest culprits of May 12 incidents'

Human Rights Activist Hina Jilani has said the safety of citizens is the responsibility of the state. But the government is unable to arrest those responsible for the May 12 incidents in Karachi on the day of deposed chief justice address to the Karachi B
Published 10 May, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (May 09, 2008).

Published 10 May, 2008 12:00am
Akhtar Mengal released

Akhtar Mengal released

As part of reconciliatory efforts to end violence in the insurgency hit Balochistan the Government of Pakistan has released the nationalist and senior rebel leader, Sardar Akhtar Mengal on Friday.
Published 10 May, 2008 12:00am
Akhtar Mengal released

Akhtar Mengal released

As part of reconciliatory efforts to end violence in the insurgency hit Balochistan the Government of Pakistan has released the nationalist and senior rebel leader, Sardar Akhtar Mengal on Friday.
Published 10 May, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 10 May, 2008 12:00am
Ceasefire reached in Swat

Ceasefire reached in Swat

Government and the militants on Friday agreed on a ceasefire in Swat, hours after a policeman was killed in an attack on a security convoy in the area, officials said.
Published 10 May, 2008 12:00am
Ceasefire reached in Swat

Ceasefire reached in Swat

Government and the militants on Friday agreed on a ceasefire in Swat, hours after a policeman was killed in an attack on a security convoy in the area, officials said.
Published 10 May, 2008 12:00am
Clarification

Clarification

Apropos a news item carried by Business Recorder on Friday, it is clarified that of the 15 senior PIA contractual executives, only four were hired by Tariq Kirmani, three by Zafar A Khan and the rest by Ahmad Saeed during their tenures as Chairman/
Published 10 May, 2008 12:00am
Clarification

Clarification

Apropos a news item carried by Business Recorder on Friday, it is clarified that of the 15 senior PIA contractual executives, only four were hired by Tariq Kirmani, three by Zafar A Khan and the rest by Ahmad Saeed during their tenures as Chairman/
Published 10 May, 2008 12:00am
Clarification

Clarification

Apropos a news item carried by Business Recorder on Friday, it is clarified that of the 15 senior PIA contractual executives, only four were hired by Tariq Kirmani, three by Zafar A Khan and the rest by Ahmad Saeed during their tenures as Chairman/
Published 10 May, 2008 12:00am
Zardari, Altaf hold talks in London

Zardari, Altaf hold talks in London

Pakistan People's Party co-chairamn Asif Ali Zardari and Muttahida Qaumi Movement (MQM) chief Altaf Hussain met in London on late Friday night, Aaj TV reported. According to the channel Advisor to PM on interior Affairs Rehman Malik, Hussain Haqqan
Published 10 May, 2008 12:00am
Zardari, Altaf hold talks in London

Zardari, Altaf hold talks in London

Pakistan People's Party co-chairamn Asif Ali Zardari and Muttahida Qaumi Movement (MQM) chief Altaf Hussain met in London on late Friday night, Aaj TV reported. According to the channel Advisor to PM on interior Affairs Rehman Malik, Hussain Haqqan
Published 10 May, 2008 12:00am
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